Q. I have 25+ years at 63 years old and am eligible for FERS retirement. If I were to accept the Voluntary Separation Incentive Pay, would I be penalized for continuing to work with Wildland Fire as an administratively determined retired federal employee? No one in human resources seems to be able to answer this one. I suspect the way the language is written, the answer is no.
Q. I am a Defense Department civilian under FERS. I have nine years of service. I plan to take a break in service to finish a graduate degree program (actually resign). I plan on being hired again (probably four to eight months later) at a higher grade and working another two to three years. Is there any significant impact to any retirement related issues? Loss of Thrift Savings Plan, reduced benefits?
Q. I was employed in a law enforcement position under CSRS for 25 years, under 6c retirement formula. My service computation date was July 7, 1975, I resigned my position on Sept. 28, 2000. I needed to be 50 years old to be eligible to retire, but I left when I was 47. On Aug. 8, I will be 60 years old. Can I apply for a deferred retirement now or do I have to wait to apply until I am 62 years old on Aug. 8, 2015? I called the Office of Personnel Management and am getting conflicting information.…
Q. If I submit my application for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay and my VSIP incentive is denied, will I be forced to retire/resign? I have 24+ years and am over 58 years of age. My position is “overhire,” and we are undergoing furlough with very likely RIF.
Q. My husband would like go into private work. He has worked 13 years at a Veterans Affairs Department hospital. He is turning 56 in a few months. If he leaves VA employment, will he be able to buy the federal medical plan indefinitely afterward?
Q. I am a FERS employee with 14 years service, age 53. Tired of the pay freeze and “no money for promotions” line. Also tired of doing the jobs of higher paid co-workers while they call in sick two to three days a week. If I resign, can I take my FERS and Thrift Savings Plan in one lump sum and walk away? I am also a military retiree and have my pension and Tricare health care plans from that, so that is not a concern. Understanding the tax hit, will I just receive what I contributed, or the fed matching,…
Q. If I resign at age 51 with 25 years of service, will I lose the government matching funds that went into my Thrift Savings Plan? Will I be able to receive a deferred annuity at age 62? What would that be — 25 percent of high-3?
Q. I am 48 years old with 18 years as a letter carrier. I have completed my master’s degree and am looking for work in a new field. Can I resign/retire before my minimum retirement age of 56 and still collect some kind of annuity? I am under FERS.